I just posted this information to my web site which I update regularly. Many people post some good information about rates and trends on the blog portion of the site but some of it seems "canned" and regurgitated from some other site or, they have some decent knowledge of the interworkings of our economy and what affects rates. I just posted the following to my site today and update it regularly with similar information. Knowing when to lock and how continuous myriad of economic data affect rates allows me to secure the best rates for my clients. I have had 180 locks that never "floated down" because we locked on the best possible day.

I locked in yesterday at the end of the day and secured the best pricing in the last 90 days for my clients and...pricing is worse today!

Bonds are selling off on slightly as earnings news, weaker dollar, higher oil and raw materials prices are leading to solid gains in the Dow. We have held support and at this point, it is safe to FLOAT but downside risk is becoming greater than potential upside gains. The trend has moved upward and if we can maintain that status, things could improve dramatically but at this point as a consumer you need to be in a position to lock because the 4.75% window has opened and from a rate standpoint, there is a lot of resistance to go below this threshold.

It's a new day in the world of stocks as buyers are coming in after yesterday's rally on the J and J news and today's carry through on the news from Intel. The Dow is up almost 200 points. Oil is up, bonds are flat, the dollar is down and seemingly, all the news is good! This economy is just streaming along even as I paid $60.00 to fill my tank today. If you denote a since of sarcasm, I can't help myself because it is my strong belief that this "smoke and mirrors" rally with very thin volume will eventually reverse sharply downward as the economic "come to Jesus" point appears!

You can find this information at: http://www.rglovermortgage.com/info_02/page_1.rad